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New RBI chief Rajan has big tasks at hand

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Mumbai: As the 23rd  governor-designate of the Reserve Bank of India, Raghuram Rajan — a former IMF chief economist and presently chief economic advisor to the government — is an X factor. There is a

Raghuram Rajan appointed as next RBI governor

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New Delhi: Chief Economic Advisor Raghuram G. Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI). Rajan will replace D. Subbarao, who completes his five-year term on Sep

RBI to roll back rupee steps in Q4: Barclays


Barclays expects the RBI's cash tightening steps to be rolled back only in the December quarter as the Reserve Bank of India wants to avoid showing a lack of resolve about its measures by reversing t

HDFC Bank, Axis Bank raise fixed deposit rates by up to 4%


New Delhi: Faced with a tight liquidity condition, two leading private sector banks - HDFC Bank and Axis Bank - have raised fixed deposit rates by up to 4 per cent, a move which may be followed by ot

Weak Rupee, growth concerns drag Sensex down by 245 pts

Mumbai: The BSE benchmark Sensex on Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil&gas, power, PSU and auto stocks after RBI lowered its G

Weak rupee to adversely hit fuel prices in coming months: RBI

Reserve Bank Tuesday cautioned that rupee depreciation will have adverse impact on prices of fuel and manufactured products in the coming months even as it aims to keep inflation at five per cent by March end.

RBI leaves key interest rates unchanged in rupee battle; tone dovish


Mumbai: The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market,

RBI also needs to look at growth, FM says ahead of policy

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Ahmedabad: A day ahead of RBI's monetary policy review, Finance Minister P Chidambaram on Monday said the mandate of a central bank is not only to ensure price stability but also to promote growth an

Rupee bounces back to 58 level; up 41 p Vs USD in early trade


Mumbai: The rupee on Friday rose by 41 paise to breach the 58 level against the dollar at 58.70 in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by expo

RBI’s measures on rupee spread gloom in markets


Mumbai: Banking stocks were battered badly on the bourses after the Reserve Bank of India (RBI) announced additional measures to suck liquidity in a bid to stabilise rupee. This pulled the markets do

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.